Report from the Secret committee on the expediency of the Bank resuming cash payments; with the minutes of evidence - Softcover
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1819 Excerpt: ... that feeling in their minds. Now there Is great difficulty in tha silver circulation, particularly in some parts of the country; the bank of England, instead of opening their doors liberally even to their natural channels, the bankers, do not do it; if they ask now for 5,000/. worth ef silver for their wants or those of their country correspondents, the bank will let them hare 500/.: this all keeps alive the desire to get possession of specie; it rather discredits the bank note in their view. In your opinion there is a want of silver in the country?:--Yes.:.'Jl.:,. .. ( '.' ' Jovis, 11 die Mar Hi, I SI 9. A. The Right Honourable ROBEUT PEEL, iil the Ghan'?!.i-ii;, '' '....'....... '. t.. ALEXANDER BARING, Esq. A Member of the House; was Examined.',r Aiie you in the direction of the bank at present?t--No, I am not; 1 have been out of the bank direction fbr the last two years., For what period were you in the direction of the bank?--For about ten years antecedent to the two last. I know nothing of the present position of the affairs of the bank; and am quite unable to speak as to the opinion of the court of directors. Do you think it would be practicable for the bank to resume cash payments at the expiration of twelve months from the present period, with a prospect of being able to continue them?--I should say, Certainly not. Have the goodness to state, what in your opinion are the impediments in the way of the resumption at the expiration of that period; and in what manner an attempt to effect the resumption, would operate upon the commerce and internal concerns of the country?--The resumption of cash payments can only be effected by drawing bullion into the country, by a reduction of the issues of the bank. I cannot think that the bank could pay ia specie, ...
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- PublisherGeneral Books LLC
- Publication date2012
- ISBN 10 115024173X
- ISBN 13 9781150241734
- BindingPaperback
- Number of pages180
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